The Bottom Line
Bear Stearns reports earnings tomorrow, but The Wall Street Journal reported today that senior executives at the firm will forego bonuses this year.
Bear Stearns reports earnings tomorrow, but The Wall Street Journal reported today that senior executives at the firm will forego bonuses this year. The No. 5 U.S. securities firm is expected to report its first quarterly loss since going public in 1985, due largely to subprime losses. Bear Stearns hedge fund manager Ralph Cioffi, under investigation for withdrawing $2 million from his subprime mortgage-heavy fund a few months before it collapsed, left the firm. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- The mystery behind China's aggressive push into space
- Here's the schedule very successful people follow every day
- What would a U.S.-Russia war look like?
- The best places to find love — and lust — according to science
- 7 grammar rules you really should pay attention to
- Why GOP reformers are bound to fail
- The 6 best low-cost smartphones
- 7 things the world's happiest people do every day
- How the battle for religious freedom became a nonsensical free-for-all
- How to buy an engagement ring — a man's guide
Subscribe to the Week